Real Estate Owned and Foreclosure Appraisals in Arapahoe CountyHomes that have reverted to the bank's holding and homes in foreclosure create specific appraisal difficulties. It's vital to differentiate the difference between fair market worth and "quick disposition" worth to know your likely write-down liability when dealing with a property in foreclosure. At Almquist Appraisal, we have the training in both providing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your urgency. Almquist Appraisal has the training to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Almquist Appraisal. Specific challenges can be present when dealing with owners of homes in foreclosure. They may be disinclined to allow an inspection of the house. Often the properties have been vandalized, unfortunately at the hands of the residents. Or, it's common to find the residents have moved out or the home languishing in disrepair for long of time. For a house that has returned to bank owned, you probably will be going for a fast resolution . But you might want to know and examine three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the repairs called for to make the house marketable at full market value comparable with similar houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the unique circumstances of a bank owned property, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can count on Almquist Appraisal to handle the task of your REO professionally and efficiently. Contact us today. |